| Author: | Saporito, B. |
| Title: | The inside story of Time Warner |
| Journal: | Fortune
1989 : NOV, VOL. 120:12, p. 96-98, 100-120 |
| Index terms: | MERGERS LITIGATION SHARE OWNERSHIP |
| Language: | eng |
| Abstract: | Description of the Paramount offer to buy Time, involving 3 boardrooms and the Delaware courts and the surprising conclusion. Long planned merger between Warner Communications and Time. Time decision to change the merger to an acquisition. Benefits of their combination. Paramount lawsuit to prevent Time from buying Warner. Compensation package. Time magazines, assets and margins and Home Box Office. Time's lack of nonvoting stock. Warner more profitable and a better match than Paramount. Time culture. Merger, not cash buyout. $193 million compensation for CEO. Court cases involving Warner. Role of Time's board. Warner's strategy. Merger approved. Counterattack. The acquisiton solution. Litigation. The Graphs give revenues and income. |
SCIMA